From the San Diego Union-Tribune: UC San Diego is in far deeper financial trouble than it had previously disclosed and could face half a billion dollars in annual budget cuts, it says in a new forecast. Chancellor Pradeep Khosla revealed the situation in a public statement issued late Tuesday (April 1), adding that UC San Diego might have to slash its $9 billion budget by as much as 12.5%. Reductions on that scale would seriously hurt teaching and research and threaten jobs at the county’s second-largest employer, and could bring to an end one of the longest and biggest university expansions in the nation.
Khosla had already said in February that UC San Diego expected to lose $150 million in funding that it had expected to receive from the NIH to help pay overhead costs in research, plus face a $50 million state budget cut. But the size of the worst-case financial hit more than doubled in the risk analysis the university finished this week. As a result, UC San Diego has indefinitely postponed construction of two big planned research buildings, one on the main campus in La Jolla and the other at its hospital in Hillcrest. Their joint cost: about $565 million...
Full story at https://www.sandiegouniontribune.com/2025/04/02/ucsd-braces-for-500m-in-annual-cuts-shelves-some-building-plans/.
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